Press Room

Prime Asset Ventures Inc. (PAVI), an emerging leader in the country’s public infrastructure industry officially listed its real estate investment trust subsidiary, Premiere Island Power REIT Corporation (PremiereREIT) on the Philippine Stock Exchange. As a real estate investment trust company, PREIT will handle PAVI’s high-performing power generation assets that would strengthen the group’s performance and enable its expansion. PREIT aims to be a leading diversified power and infrastructure REIT in the Philippines in terms of portfolio, profitability, growth, sustainability, and dividend yield. “This significant milestone represents our first step towards realizing PAVI’s commitment to pursuing critical community infrastructure initiatives that would provide our shareholders and investors not just meaningful and reliable returns but also that rare opportunity to contribute to the country’s capacity-building,” emphasizes Mr. Manuel Paolo Villar, Director of PremiereREIT. PremiereREIT’s current property portfolio consists of land, land rights, key power plant assets, and other ancillary infrastructure that are being leased to and utilized by the sponsors for their power generation operations, S.I. P0wer Corporation (SIPCOR) and Camotes Island Power Generation Corporation (CAMPCOR) which provided missionary electrification in Siquijor and in the Camotes Islands in Cebu, respectively. Key metrics of the mentioned properties include a weighted average lease expiry